Solutions to companies wishing to relocate their activities to Cyprus
TECHKNOWLEGI offers comprehensive and individualized solutions to companies wishing to relocate their activities to Cyprus, an expanding technological hub and business center within the European Union
What is Cyprus Headquartering?
In the easternmost point of Europe, Cyprus, the third-largest island in the Mediterranean Sea, is strategically situated at the crossroads of important air and sea routes connecting Europe, Africa, and Asia.
A “centre of excellence” for international business activities, this small but dynamic nation has long maintained distinctive clusters of knowledge and service capacity to support the economy’s major growth sectors.
By leveraging its competitive strengths, promoting growth in both established and emerging economic sectors, and consistently improving its business environment, Cyprus has become a preferred destination for conducting business.
Cyprus has a modern, service-oriented economy that operates on a free-market system and has an efficient and transparent regulatory and legal structure, giving international investors and domestic businesses confidence to invest, expand, and succeed. Cyprus continuously and methodically attempts to establish a forward-thinking, pluralistic, and accommodating environment for investors.
Cyprus Headquartering Brochure
Feel free to download and view our brochure regarding Cyprus Headquartering
EU Member State and Member of the European Monetary Union
Attractive and transparent and completely compliant with EU, OECD, and international rules and regulations tax Regime
Business oriented Legal System
Talented professionals – High quality services
Modern infrastructure
Desirable standard of living
International shipping hub
Investors interested in purchasing property in Cyprus, either for investment purposes or as a secondary residence, have always found it to be a popular option.
Investment funds and asset management hub.
The utilization of Information and Communication Technology (ICT) is a crucial factor in driving productivity, promoting growth, and improving economic performance across all sectors of the economy.
Research and Development and Innovation, commonly referred to as R&D&I, is a key sector that is gaining importance, as the country strives to develop a knowledge-driven economy.
Education hub
Skilled and seasoned experts provide swift and effective legal, accounting, auditing, consulting, and other niche services at affordable rates, making it a prime choice.
The legislation governing the banking and financial services sector in Cyprus aligns with international best practices.
How can we help?
TECHKNOWLEGI provides assistance to foreign individuals and companies in relocating their businesses, facilitating the relocation of their employees, establishing offices in Cyprus, and initiating business activities.
TECHKNOWLEGI provides the following services:
Guidance on personal banking, and general family support
Assistance with registering for Social Insurance
Help in finding suitable office spaces and/or private residences
Assistance with visa applications
Assistance with incorporation of a company
Assistance with obtaining working and residence permits
Guidance on the National Health Insurance System.
Contact us for more information
Would you like to speak to one of our experts? Just submit your contact details and we’ll be in touch shortly. You can also email us if you prefer that type of communication
Please Scroll down to agree to our data protection policy.
1.1 TECHKNOWLEGI LIMITED is incorporated as a limited liability company in the Republic of Cyprus with registration number HE [….] and registered office at […………..] (hereinafter referred to as the “Company”).
2.1 The Company respects individuals’ rights to privacy and the protection of Personal Data. The scope of this Privacy Notice is to explain and elaborate on how we collect, use, process and store your Personal Data in the course of our business.
2.2 “Personal Data” or “Data” means any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person.
2.3 The Company may update the Privacy Notice from time to time. When we make any updates, we will communicate such updates to you and publish the updated Privacy Notice on our website www.techknowlegi.com.
2.4 We would encourage you to visit our website regularly to stay informed about the purposes of processing of your Personal Data and your rights to control how we collect, use or process your Personal Data.
3.1 We collect, use and process various categories of Personal Data at the start of, and for the duration of, your business relationship with us as well as after the termination of our business relationship. The Company will limit the collection and processing of Personal Data to the necessary Data to meet the purpose and legal basis as described in the Section 6 of this Privacy Notice.
3.2 Personal Data may inter alia, include:
a. Basic Personal Data, including but not limited to name and residential address;
b. email address, telephone number;
c. Passport/ID number.
3.3 The Company may also process certain special categories of Personal Data for specific and limited purposes and only on the basis of an explicit consent granted by you or on any other legal basis, as described in the Section 6 of this Privacy Notice.
3.4 These special categories of Personal Data include:
a. Physical or psychological health details or medical conditions;
b. Information about racial or ethnic origin;
c. Religious or philosophical beliefs;
d. Biometric and genetic information, relating to the physical or physiological characteristics;
4.1 For the purposes of the GDPR the Company, in most of the cases, is the data controller of the Personal Data provided by you and accordingly is subject to applicable EU and national data protection laws. The Company is responsible for deciding the purposes of the processing, how to hold and retain the data provided and is under an obligation to inform you about the categories of the Personal Data it holds, your rights as well as how it will use the Personal Data.
4.2 Below you may find the principles according to which the Company as data controller complies with:
a. Lawfulness, Fairness and Transparency: Personal Data is processed lawfully, fairly and in a transparent manner. The data subject is informed on the processing that will occur and the purposes for that processing.
b. Purpose limitation: Personal Data is collected for specified, explicit and legitimate purposes. No further processing incompatible with these purposes occurs. The processing is limited to only what is necessary to meet the specified purpose.
c. Data minimisation: Personal Data obtained is adequate, relevant and limited to what is necessary for the intended purposes.
d. Accuracy principle: data is accurate and updated. Any inaccurate data is rectified and redundant data is deleted.
e. Storage Limitation: data is kept in a form which permits the identification of the relevant data subject for no longer than necessary for the intended purpose of processing. Data wherever possible, is stored in a way that prevents or limits identification of the data subject.
f. Integrity and Confidentiality: the Company warrants that data is processed in a manner that ensures the security of the data and that the data is properly protected against unauthorised or unlawful processing, accidental destruction or loss and destruction or damage. The integrity and confidentiality of the data is ensured at all times through the use of appropriate technical and organisational measures.
g. Accountability: the Company is responsible for and is able to demonstrate compliance with this policy and the law.
b. From third parties, established or located within and/or outside the EEA;
c. During our contractual relationship with you;
5.2 It is your duty and responsibility to provide us with updates as to the Personal Data provided in order for such Data to remain current, accurate and correct and you acknowledge that we rely on the Personal Data provided to us in carrying out our obligations, under the law and our contractual relationship with you.
6.1 We would like to ensure that you fully understand the purpose and the legal basis of collecting, using, processing and storing of your Personal Data. Thus, in this Section we will describe the purposes for which your Personal Data may be used as well as the legal basis of processing of your Personal Data.
6.A.1 We will only collect, use, process, store, share or transfer your Personal Data where it is necessary for us to carry out our lawful business activities and provide our services. We will process your Personal Data for the purpose of or in connection with the provision of our services to you, for performance of our security, and for compliance with our legal obligations.
We set out below in further detail the legal bases on which your Personal Data is being processed.
6.B.1.1 We may process your Personal Data where it is necessary to enter into a contract with you for the provision of our services or to perform our obligations or duties under such contract.
6.B.1.3 Please note that if you don’t agree to provide us with the Data required on the basis of Contractual necessity we may have to suspend or terminate the services provided to you.
6.B.2.1 When you establish a business relationship with us in order to provide you with our services, throughout your relationship with us and after the termination of your business relationship with us, we are required by the law to collect, use, process and store certain Personal Data about you.
This may include Personal Data necessary:
a. To comply with any and all legal and/or regulatory obligations whatsoever under the laws and regulations, in any jurisdiction within or outside the EEA;
b. To be used in the courts, law enforcement agencies, regulatory agencies, and other public or competent or tax authorities or other authorities, governmental or not, in any jurisdiction within or outside the EEA;
c. To protect our rights, privacy, safety or property whatsoever;
d. To be used for the prevention, detection or investigation of crimes whatsoever.
6.B.2.3 Please note that if you don’t agree to provide us with the Data required to meet our legal and/or regulatory obligations we may have to suspend or terminate the services provided to you.
6.B.3.1 We may collect, process, use, and store your Personal Data where it is in our legitimate interests and without prejudicing your interests or fundamental rights and freedoms.
6.B.3.2 We may process your Personal Data to manage our business, financial affairs as well as to protect our employees, clients and property. It is in our interests to ensure that our processes and systems operate effectively and that we can continue operating as a business.
6.B.3.3 This may include processing of your Data to:
a. Monitor, maintain and improve internal business processes, information and data, technology and communications solutions and services;
b. Ensure business continuity and disaster recovery responding to information technology and business emergencies;
c. Ensure network and information security, including but not limited to monitoring authorised users’ access to our information technology for the purpose of preventing cyber-attacks, unauthorised use of our telecommunications, trading or other systems and websites, prevention or detection of crime and protection of your Personal Data;
d. Provide assurance on the management of the Company’s material risks;
e. Protect our legal rights and interests.
6.B.3.4 It is in the Company’s interest to ensure that it provides you with the most appropriate services.
6.B.3.5 This may require processing of your Data to enable us to:
a. Understand your actions, behaviour, preferences, expectations, feedback in order to improve our services and develop new services;
b. Monitor and improve the performance and effectiveness of services.
6.B.3.6 On the basis of legitimate interest we may collect, use, process and store Data such as your telephone number or email address.
6.B.3.7 Please note that if you don’t agree to provide us with the Data collected, used, processed and stored on the basis of the legitimate interest we may have to suspend or terminate the services provided to you.
6.B.4.1 For special category of data and marketing purposes we may only collect, use, process and store Personal Data where an explicit consent has been granted.
7.1 The Company takes all the appropriate measures to make sure that you are fully informed about your rights in regards with all Personal Data we collect, process, use and store.
Access – You have the right to access to your Personal Data including the records of any and all email and/or text message correspondence, between you and the Company, held by the Company.
Specifically, you have the right to enquire as to whether we process any Personal Data of yours as well as which Personal Data is processed and the manner of such processing. You have the right to receive a copy of your Personal Data without any charge. If you would like a copy of your Personal Data held by the Company, please contact us at [email protected] , or at [……..] or at Tel: [………] or at Fax: […….].
Rectification – You have a right to rectification of inaccurate Personal Data and to update incomplete Personal Data.
In case you believe that any of the Personal Data held by the Company is inaccurate, you are entitled to request to restrict the processing of that Personal Data and rectify the inaccuracies.
Erasure – You have a right to request that your Personal Data be deleted.
You may request to delete your Personal Data in case you believe that: the Company no longer needs to process your Personal Data for the purposes for which it was provided; the processing is based on your consent which you withdraw; the processing of your Personal Data is unlawful; your Personal Data must be raised for reasons of compliance with legal obligations; your Personal Data is being processed pursuant to a legitimate interest of the Company or a third party and you object to such processing and we (or the third party as the case may be) do not have an overriding legitimate interest. You may exercise this right by contacting us at [email protected], or at [………….] or at Tel: [………..] or at Fax: […………].
Restriction – You have a right to request that we restrict the processing of your Personal Data.
You may request us to restrict processing your Personal Data where: we are investigating whether any of your Personal Data held by the Company is inaccurate; the Company no longer needs to process your Personal Data for the purposes for which it was provided, but you require such Data to establish, exercise or defend legal proceedings; your Personal Data is processed in an unlawful manner and you chose to exercise the right to restrict processing instead of your right to deletion as set out above; for a period enabling us to verify whether any legitimate interest on which we are relying for the processing of your Personal Data overrides your interest. You may exercise this right by contacting us at [email protected] , or at […..] or at Tel: […] or at Fax: [….].
Portability – You have a right to data portability.
You have the right to receive your Personal Data or to request that we transmit such Personal Data to another third party (where this is technically feasible) in a structured, commonly used machine-readable format where the processing is based on your consent or pursuant to our contract with you or where processing is carried out by automated means. Where you request that we provide such Data directly to third parties, the Company shall not be responsible for any such third parties’ use of your Personal Data, which will be governed by their agreement with you and any privacy statement they provide to you. You may exercise this right by contacting us at [email protected] , or at [……..] or at Tel: [………] or at Fax: […….]
Objection – You have a right to object to the processing of your Personal Data.
You have a right to object to us processing your Personal Data for marketing purposes or on the basis of the legitimate interest as described in the Section 6 of this Privacy Notice– unless we can demonstrate compelling and legitimate grounds for the processing, which may override your own interests, or for the establishment, exercise or defence of legal claims. The Company may need to restrict or cease processing your Personal Data altogether or, where requested, delete your information. Please note that if you chose to exercise this right, we may have to suspend or terminate the services provided to you.
Withdraw consent – You have a right to withdraw your consent.
In case in which the Company relies on your consent to process your Personal Data (including Personal Data falling under the special categories), you have a right to withdraw your consent at any time by sending a written request at [email protected] , or at [……..] or at Tel: [………] or at Fax: […….]
Raise a complaint – You have a right to raise a complaint with the Data Protection Commissioner’s Office.
If you wish to make a complaint, you can contact our Data Protection Officer who will investigate the matter. We expect to be fully able to address any concerns you may have directly in the first instance; however, we would like to inform you of your right to address any complaint to the Data Protection Commissioner’s Office at any time should you so wish. For more information, visit http://www.dataprotection.gov.cy You also have the right to lodge a complaint with the relevant supervisory authority in your country of residence, or your place of work or the place where the alleged infringement has taken place where this is within the EU.
Not be subject to automated decision-making processing (including profiling) – You have the right not to be subject to automated decision making.
You have the right not to be subject to a decision, based solely on automated processing of Personal Data. At this point, the Company does not have in place any automated-decision making in respect of your Personal Data.
8.1 The Company reserves the right to change the way and/or the purpose of processing and use of your Personal Data. As a result, where the Company decides to process or use your Personal Data for purpose other than the purpose for which such Personal Data were initially collected, processed and used and stored, it shall provide you with all relevant information of such change including the new purpose under which such Personal Data will be used and/or processed as well as all of your rights as described in the Section 7 of this Privacy Notice.
9.1 We may directly contact you to provide you with information in regards with the status, operation and maintenance of your Personal Data including updated information about how we collect, use, process and store your Personal Data by email.
9.2 We may also directly contact you to provide you with information including but not limited to any outstanding bills and/or invoices whatsoever.
11.1 We may share your Personal Data, inter alia, with the following recipients and categories of recipients:
a. Third party organisations that provide applications, data processing or IT services to the Company including cloud-based software, identity management, web-hosting, data analysis, security and storage services.
b. professional advisors including legal advisors;
c. the Police;
d. Law enforcement and other government and regulatory agencies and other third parties as required under applicable law.
e. Consular Authorities, Embassies and/or other Authorities in Cyprus.
11.2 We may share your Personal Data with third parties in the following cases:
a. Where we have your explicit and written consent;
b. It is required for your service;
c. Where it is requested by any competent or any other authority having control or jurisdiction over the Company or you or your associates whatsoever or in whose territory the Company has clients;
d. With competent authorities including Police to investigate or prevent fraud, money laundering or other illegal activity;
e. With any of the Company’s professional advisors provided that in each case the relevant professional shall be informed about the confidential nature of such Data and commit to the confidentiality obligations herein as well;
f. With other service providers who create, maintain or process databases (whether electronic or not), offer record keeping services, email transmission services, messaging services or similar services which aim to assist the Company collect, storage, process and use your Personal Data or get in touch with you;
g. With successors or assignees or transferees or buyers, with five (5) Business Days prior written notice to you;
h. With such third parties as we see fit to assist us in enforcing our legal or contractual rights against you including but not limited to debt collection agencies and legal advisors. You acknowledge that any of the persons listed in the previous sentence may be either within or outside the EEA;
i. It is required by the law and by law enforcement agencies, judicial bodies, the financial ombudsman, government entities, tax authorities or regulatory bodies and/or other competent authorities, governmental or not, whatsoever, established or located within or outside the EEA;
j. With software, platform support or cloud hosting companies;
11.3 Our third-parties to which we share and/or transfer your Personal Data are not allowed to use or disclose or share whatsoever for any other purpose other than the purpose to provide services, as agreed, to us.
11.4 We will not disclose to any third party your Personal Data for its own marketing purposes without your consent.
11.5 Please note that your Personal Data is shared, transferred, collected, processed and stored in Cyprus.
11.6 If you would like a copy of your Personal Data held by the third parties or if you want to receive more details on how your Personal Data is collected, used, processed or stored by the third parties please contact us at [email protected] , or at [……..] or at Tel: [………] or at Fax: […….].
12.1 We may share or transfer your Personal Data with recipients in non-EU countries where:
a. the European Commission has decided that the country or the organisation we are sharing your Personal Data with will protect your Data adequately;
b. the transfer has been authorised by the relevant data protection authority;
c. we have entered into a contract with the organisation with which we are sharing your Personal Data (on terms approved by the European Commission or the Data Protection Commissioner of the Republic of Cyprus) to ensure your Personal Data is adequately protected.
13.1 We retain the Personal Data processed by us for as long as we consider necessary for the purpose for which it was collected, as required and/or as required under any legal provision to which we are subject and/or for such other periods as can be lawfully justified in each case.
13.2 Personal data may be held for longer periods where extended retention periods are required by the Law or regulations and/or in order to establish, exercise or defend our legal rights before a Court or tribunal or Arbitral tribunal whatsoever.
14.1 We are committed to ensuring that your Personal Data is secure. For more information about the steps we are taking to protect your Personal Data please contact us at [email protected] , or at [……..] or at Tel: [………] or at Fax: […….]
14.2 In the event of any loss or destruction or other form of personal data breach in respect of your Personal Data which is likely to result in a high risk to your rights and freedoms, we will contact you on add the email provided to the client during the establishment of the business relationship unless you provide us with other contact details in respect of such notifications.
Cookies are small packages that a website stores on your computer or any other electronic device when you visit a website to enable you to perform numerous functions on the website as well as to regulate the content to your preferences. As a result, the Company uses cookies to ensure that the performance and the functionality of its website is robust and enhanced. Please click here to read our Cookie Policy.
The Company is generally a controller for processing of the Personal Data, however, we may provide some services as processors. If you have any queries about how we collect, use, process or store your Personal Data that are not answered in this Privacy Notice, or if you wish to complain to our Data Protection Officer, please contact us at contact us at [email protected] , or at [……..] or at Tel: [………] or at Fax: […….]
